FX FRENZY: Throwing Caution to the Wind

When you’ve got nothing to lose, you might as well put all your chips on the table.

That all-or-nothing mindset has been embraced by a few competitors in DJ FX Frenzy, a five-week tournament where strategists and traders across the globe pit their best trade ideas against each other’s.

One twist that makes this tournament different from the participants’ day jobs: they aren’t using real money. Interestingly, that appears to have encouraged some of them to swing for the bleachers. All they have to lose is a little pride. Also, because these trades are open for a full week, participants are forced to sit on their hands after placing their bets rather than readjust on a daily basis. The result is a notably more aggressive, risky, and sometimes counterintuitive trading style compared with what goes on in the world’s $4 trillion-a-day currency markets.